Bitcoin is pumping based on some strange paypal news, but $hive is sinking based on the same news.
A couple weeks ago I asked the question trying to understand, technically, where the bottom of hive is.
In that post I had this exchange with
We broke my 1200 SATS threshold
Well, we are below 1200 SATS now, and I think that is my signal to start powering down.
When I zoom into a 2h chart there looks to be a little bump off 1100 SATS, but it doesn't give me a lot of confidence at the moment.
Starting Powerdown
I'm sticking with my plan those two weeks ago and starting to powerdown tomorrow. That bump off 1100 looks nice, but the overall trend is to zero over the last 5 months.
I will wait and see the entire 13 weeks to decide what to do, that's 3 months for HIVE/BTC to turn around. Ideally I would like to see it stabilize around 2000SATS, that is at a level that I can invest more time. And in 3 months I will have that time to invest.